Short Interest in Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) Increases By 27.4%

Cornerstone Total Return Fund, Inc. (NYSEAMERICAN:CRF) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 10,330,000 shares, a growth of 27.4% from the January 31st total of 8,110,000 shares. Based on an average daily volume of 1,057,400 shares, the short-interest ratio is presently 9.8 days.

Hedge Funds Weigh In On Cornerstone Total Return Fund

A number of hedge funds have recently modified their holdings of CRF. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Cornerstone Total Return Fund in the fourth quarter valued at $26,000. Quarry LP purchased a new position in Cornerstone Total Return Fund during the third quarter valued at approximately $42,000. Oppenheimer & Co. Inc. acquired a new position in Cornerstone Total Return Fund in the 3rd quarter valued at approximately $120,000. Mariner LLC lifted its position in Cornerstone Total Return Fund by 8.2% in the 4th quarter. Mariner LLC now owns 15,016 shares of the investment management company’s stock worth $130,000 after buying an additional 1,134 shares in the last quarter. Finally, BIP Wealth LLC purchased a new stake in Cornerstone Total Return Fund in the 4th quarter worth approximately $139,000. 10.41% of the stock is currently owned by institutional investors and hedge funds.

Cornerstone Total Return Fund Stock Performance

Shares of CRF traded down $0.07 during midday trading on Thursday, reaching $7.61. The stock had a trading volume of 731,441 shares, compared to its average volume of 1,133,727. The firm has a 50 day moving average of $8.55. Cornerstone Total Return Fund has a 52 week low of $6.52 and a 52 week high of $9.75.

Cornerstone Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.1168 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.40 annualized dividend and a dividend yield of 18.42%.

About Cornerstone Total Return Fund

Cornerstone Total Return Fund, Inc is a closed-ended equity mutual fund launched and managed by Cornerstone Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value and growth stocks of companies across all market capitalizations.